December 2016 ~ 7 County Signature Market Homes Sold Between $750,000 And $999,999

 

Posted by Damon L. Chavez on Tuesday, December 20th, 2016 at 7:49am.

Market Metrics:

By the numbers, the inventory of available homes for sale is 490 homes at month end, 132 homes came onto the market, 100 homes were placed under contract, and 129 homes closed between $750,000 and $999,999 with an average sold price of $851,831 resulting in a closed dollar volume of $109.89 Million.

Monthly Market Recap:

.                                                                       Single Family                          Condo

Active Listings at Month End                        397                                           93

New Listings                                                     113                                           19

Under Contract                                                 84                                            16

Number Sold                                                     109                                           20

Average Sold Price                                           $852,615                                  $847,558

Closed $ Volume                                               $92.9 Million                          $16.9 Million

Lowest Sold Price                                             $750,000                                  $755,000

Highest Sold Price                                            $999,000                                  $999,000

Average Price/Square Foot (Above Ground)   $323                                     $373

Average Price/Square Foot (Total)                $212                                         $297

Sold Price as % of List Price                           98.29%                                     97.55%

Average Days on Market                                66                                               60        

Of the 109 Single Family homes sold, the highest priced closing for the month was $999,000 representing 4 Bedrooms, 4 Bathrooms, and 2,663 above ground square feet. 

Of the 20 Condo homes sold, the highest priced closing for the month was $999,000 representing 5 Bedrooms, 5 Bathrooms, and 3,071 above ground square feet.

Year-to-Date Market Recap with Year Over Year % Comparisons:

                                                                          Single Family                          Condo             

Number Sold                                                     1,354             (↑17%)             261                    (↑61%)

Average Sold Price                                           $849,642       (↔)                  $838,349            (↓1%)

Closed $ Volume                                               $1.2 Billion  (↑17%)             $218.8 Million   (↑60%)

Lowest Sold Price                                             $750,000                                $750,000

Highest Sold Price                                            $999,950                                $999,000

Average Price/Square Foot (Above Ground)  $303                                     $398

Average Price/Square Foot (Total)                   $198                                      $326

Sold Price as % of List Price                              98.44%        (↔)                   98.92%          (↔)

Average Days on Market                                   73                (↓12%)              78                   (↓26%)

One Thousand Six Hundred Fifteen (1,615) homes closed YTD November 30, 2016 between $750,000 and $999,999 with an average sold price of $847,817 resulting in a closed dollar volume of $1.369 Billion.

The above representation covers a seven (7) county area including the counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson.

The above representation may or may not reflect all real estate activity in the market.

Source of the data:  REcolorado.com – December 3, 2016